What negative effects did World War 2 have on the economy of the United States? (3 paragraphs)
The U. S. engaged in World War II from 1941 until 1945. All the Allied and Axis nations were affected by this war, in both positive and negative ways. Americans recovered from World War I only to face another devastating and costly war with Germany during World War II. The war specifically impacted American society in multiple ways: social, political and economical.
Military Spending vs. Reforms- The U.S. government, despite being run primarily by progressive Democrats, suspended most economic and social reforms in favor of increasing defense expenditures. Antitrust legislation was virtually ignored during this period. Factories lengthened the typical work day to increase production, ignoring labor laws to do so. Businesses throughout the nation suffered from labor shortages due to men leaving to serve in the military
New Deal Funding Reduced- Congress took the opportunity provided by the war to cut funding to several New Deal agencies. Among the effected organizations were: the CCC (Civilian Conservation Corps), the WPA (Works Progress Administration) and the NYA (National Youth Administration). These organizations were intended to help disadvantaged groups who were typically discriminated against in the job market, including women and minorities. Therefore, these groups were most affected by the reductions in funding to these associations.
Corporate State- During the war, the U.S. government spent an average of $250 million dollars each day on government contracts. Two-thirds of these government contracts were awarded to the hundred largest corporations in the U.S. This act of favoring big business crippled many small businesses, causing a large majority of them to dissolve due to lack of trade. This, coupled with the slackening of antitrust law enforcement, succeeded in growing big businesses and enmeshing their interests with those of big government.
Taxation- World War II was the beginning of the U.S. personal income tax. In 1940 the personal income tax was extended to all working Americans, and the method of deduction from paychecks was instituted. This taxation was necessitated by the increase in government spending for the war effort. Hence, Americans felt the severity of the war.
What negative effects did World War 2 have on the economy of the United States? (3 paragraphs)
Discuss the events that drew the United States into World War I. To what extent did ethnicity play a role in America
Assess if the United States foreign policy during the 1930s helped to promote World War II. Could the United States have prevented the outbreak of World War II? If so, how? If not, why not? Explain if the United States, despite neutrality, aided the Allies against the Axis powers. Analyze if the use of atomic (nuclear) weapons to defeat enemies in war is a setback for democracy (President Truman's decision to drop the atom bomb on Japan).
Why did the United States go to war in Iraq in 2003? What criticisms emerged over the American conduct of war in Iraq? In about 200 words.
Question 22 (1 point) After World War II, the United States became a(n): A) manuf cturing economy B) service economy C) market economy D) indigenous economy E) agricultural economy 18 21 Submit Quiz 9 of 22 questions saved DII PrtScn FS F6 4
Which country did not supply troops during the Korean War? a) China b) United States c) Soviet Union d) South Korea
Glenwood Laboratories Canada Ltd: Coping with Tariff War 1(a). Why did the United States impose aluminium tariffs? Why did Canada retaliate with cylinder tariffs? (8.0) (b).What other options might exist for Glenwood? Explain clearly. (4.0)
what effect does the growth of import have on the United states economy?
0 words D Question 22 25 pts As World War I developed into a total war, it affected the civilian populations of the combatants differently. How did the initial mobilization work in England, Germany, and the United States, and as the war dragged on, what were the social changes resulting in these countries? HTML Editor Paragr 囲▼ ЕЕ 潔囚阪@ 0 ν D-T TT-12pt
Question 2: International Monetary System a. Why did the world not go back to the Gold Standard at the end of World War 2? b. Why did the world not adopt floating exchange rates at the end of World War 2? c. What was the Bretton Woods Exchange Rate System abandoned by the major economies in March 1973?
The United States and China have been engaged in an escalating trade war over the last several years. Prepare a 2-3 page paper that describes who have been the winners and losers in this trade war and what would be the best approach to de-escalate the tension. You are expected to provide your original thinking and analysis on the papers and are required to provide citations for any sources used. I am just looking for key points to expand upon...